National Grid plc (NYSE:NGG) Receives Consensus Rating of “Moderate Buy” from Analysts

National Grid plc (NYSE:NGG) has received an average recommendation of “Moderate Buy” from the six analysts that are presently covering the firm, MarketBeat Ratings reports. One research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company.

Several research analysts have issued reports on NGG shares. StockNews.com upgraded shares of National Grid from a “sell” rating to a “hold” rating in a report on Wednesday, April 3rd. Deutsche Bank Aktiengesellschaft raised shares of National Grid from a “hold” rating to a “buy” rating in a report on Tuesday, January 16th. BNP Paribas upgraded National Grid from an “underperform” rating to an “outperform” rating in a report on Tuesday, April 2nd. Finally, Jefferies Financial Group upgraded National Grid from a “hold” rating to a “buy” rating in a report on Monday, February 5th.

National Grid Stock Up 0.5 %

Shares of NGG stock opened at $65.00 on Friday. The company has a current ratio of 0.93, a quick ratio of 0.82 and a debt-to-equity ratio of 1.43. National Grid has a twelve month low of $56.40 and a twelve month high of $74.48. The stock has a fifty day simple moving average of $66.77 and a two-hundred day simple moving average of $65.29.

Institutional Investors Weigh In On National Grid

Several institutional investors have recently bought and sold shares of the company. FMR LLC boosted its position in shares of National Grid by 23.9% in the 3rd quarter. FMR LLC now owns 1,648,729 shares of the utilities provider’s stock worth $99,962,000 after purchasing an additional 318,533 shares in the last quarter. Goldman Sachs Group Inc. boosted its holdings in National Grid by 17.7% in the first quarter. Goldman Sachs Group Inc. now owns 1,613,446 shares of the utilities provider’s stock worth $124,025,000 after acquiring an additional 242,081 shares in the last quarter. Federated Hermes Inc. grew its stake in shares of National Grid by 8.1% during the fourth quarter. Federated Hermes Inc. now owns 2,945,746 shares of the utilities provider’s stock worth $200,281,000 after acquiring an additional 220,504 shares during the last quarter. Nuveen Asset Management LLC increased its holdings in shares of National Grid by 55.3% during the second quarter. Nuveen Asset Management LLC now owns 617,798 shares of the utilities provider’s stock valued at $41,596,000 after acquiring an additional 219,907 shares in the last quarter. Finally, Envestnet Asset Management Inc. raised its position in shares of National Grid by 21.5% in the 3rd quarter. Envestnet Asset Management Inc. now owns 1,215,729 shares of the utilities provider’s stock valued at $73,710,000 after purchasing an additional 214,919 shares during the last quarter. 4.68% of the stock is currently owned by institutional investors and hedge funds.

About National Grid

National Grid plc transmits and distributes electricity and gas. The company operates through UK Electricity Transmission, UK Electricity Distribution, UK Electricity System Operator, New England, New York, National Grid Ventures, and Other segments. The UK Electricity Transmission segment provides electricity transmission and construction work services in England and Wales.